Examlex

Solved

Table 3-24 Assume That England and Spain Can Switch Between Producing Cheese

question 372

Multiple Choice

Table 3-24
Assume that England and Spain can switch between producing cheese and producing bread at a constant rate.
Table 3-24 Assume that England and Spain can switch between producing cheese and producing bread at a constant rate. ​   ​ -Refer to Table 3-24. Without trade, England produced and consumed 32 units of cheese and 2 units of bread and Spain produced and consumed 6 units of cheese and 2 units of bread. Then, each country agreed to specialize in the production of the good in which it has a comparative advantage and trade 7 units of cheese for 2.5 units of bread. As a result, England gained A) 0 units of cheese and 0.5 unit of bread and Spain gained 1 unit of cheese and 0.5 unit of bread. B) 1 unit of cheese and 0.5 unit of bread and Spain gained 1 unit of cheese and 0.5 unit of bread. C) 7 units of cheese and 2.5 units of bread and Spain gained 7 units of cheese and 2.5 units of bread. D) 33 units of cheese and 2.5 units of bread and Spain gained 7 units of cheese and 2.5 units of bread.
-Refer to Table 3-24. Without trade, England produced and consumed 32 units of cheese and 2 units of bread and Spain produced and consumed 6 units of cheese and 2 units of bread. Then, each country agreed to specialize in the production of the good in which it has a comparative advantage and trade 7 units of cheese for 2.5 units of bread. As a result, England gained


Definitions:

Preadministration Laboratory

Tests and checks performed before the administration of a medical treatment or procedure to ensure patient safety.

Blood Product

Any therapeutic substance derived from human blood, including red cells, platelets, clotting factors, and plasma, used in transfusions.

Y Tubing

A type of medical tubing split into two branches in a Y shape, commonly used for simultaneous administration of fluids or drugs, or for blood transfusions.

Urine Drainage

The process of removing urine from the body or a medical device used for this purpose, often involving catheters.

Related Questions